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Apr 18, 2013
04/13
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but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to hear about is how the whole i.t. business is doing ex-pc. remember, 60% of their revenues are services, 20% is software. that's going to be the big story, and of course, we get google and microsoft as well. bill and michelle, back to you. >> bill, thank you very much. let's take a closer look at today's market moves here, michelle. >> in today's "closing bell" exchange, we have bill, joe tan tennis, and also warren myers, cnbc market analyst from dme securities. you saw those back and forth numbers that bill did at the top of the show here. it feels li
but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to...
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Apr 17, 2013
04/13
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speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i know you are the man of being able to figure out the calendar. tuesday is keeping its very good performance. >> yes. that was 14 consecutive tuesdays. who knows why? people like to make fun of it. they call it useless numerology. >> when the moon is in the seventh house and it's tuesday. i will point out that the reaction yesterday really gathered steam during the day, and i think the idea that the futures must always key off of europe, they were down at 415. it was nonsense. yes, europe is bad and the car sales are horrendous. if you're ford you have to deal with down 15% over there. look, is bank of am
speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i...
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Apr 22, 2013
04/13
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FBC
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microsoft and caterpillar leading the dow. we will be back right after this. ♪ . .. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for theext new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. melissa: time for stocks now. as we do every 15 minutes. let's head to the floor of new york stock exchange. our own nicole petallides who has some heavy hitters on the dow for us. nicole? >> you are not kidding, melissa. let's look at names we're taking a look at. luckily for us they're all on the same post. we'll start off with general electric which you see is down 2.25. next to it is caterpillar up 2 1/2%. coming out with numbers for the quarter. i definitely want to focus on caterpillar. their profit fell, but it is interesting and they trimmed full-year guidance but
microsoft and caterpillar leading the dow. we will be back right after this. ♪ . .. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for theext new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. melissa: time for stocks now. as we...
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Apr 18, 2013
04/13
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yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in your stocking. >> all right. but that's a stock picker's market you're describing. that's actually trying to discern which managements are doing a better job. >> yes with, as opposed to the futures dictating everything. we'll get to pepsico but it was a remarkable quarter. what can i tell you. versus -- coca-cola had a remarkable quarter, too. obviously consumer products have done very well. pepsico is not claiming raw costs going down because they're hedged. many companies could. buffalo wild wings. we don't talk about buffalo wild wings enough. it is kind of like tractor supply and ulta. buffalo
yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in...
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Apr 16, 2013
04/13
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. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you alluded to the etfs, the etfs did not act like -- they were driving gold and that's the tale. i didn't like that. >> watching that gld which is the largest by far was quite something yesterday. >> didn't you realize that all of those worries about the gld not being a real security when you go to the gold dealers? >> it did have that feeling which gets you wondering is there forced liquidation? >> let's not forget these are bought with leverage by certain funds and we don't have the answers right now. >> you even said this morning on twitter as someone who liquidating a client's position. >> i have
. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you...